BTC $66,873.00 (+0.86%)
ETH $1,946.24 (+0.15%)
XRP $1.41 (-0.86%)
BNB $607.57 (+0.58%)
SOL $82.03 (+0.98%)
TRX $0.28 (+2.05%)
DOGE $0.10 (-0.64%)
BCH $560.25 (+1.46%)
ADA $0.27 (-0.52%)
LEO $8.68 (+1.90%)
HYPE $29.13 (+1.99%)
XMR $335.56 (+2.89%)
LINK $8.52 (-0.55%)
CC $0.16 (-5.88%)
XLM $0.16 (-1.31%)
RAIN $0.01 (+1.87%)
ZEC $263.69 (-1.12%)
HBAR $0.10 (-1.05%)
LTC $52.53 (-1.17%)
AVAX $8.89 (+0.41%)

France vs Pakistan

Crypto regulation comparison

← Back to map | France | Pakistan
France

France

Pakistan

Pakistan

Legal
Restricted

France has one of Europe's most developed crypto regulatory frameworks. The PACTE law (2019) established the PSAN (prestataire de services sur actifs numériques) registration regime, now transitioning to MiCA licensing. Crypto gains are subject to the 30% flat tax (prélèvement forfaitaire unique).

Pakistan has a hostile regulatory environment for cryptocurrency. The State Bank of Pakistan has prohibited financial institutions from facilitating crypto transactions, and the government has considered outright bans. Despite this, Pakistan has high informal crypto adoption, ranking among the top countries for P2P crypto volume. The SECP has explored blockchain regulation but no licensing framework exists for exchanges.

Tax Type Capital gains
Tax Type None
Tax Rate 30%
Tax Rate N/A
Exchanges Yes Yes
Exchanges No No
Mining Yes Yes
Mining Yes Yes
Regulator AMF (Autorité des Marchés Financiers), ACPR
Regulator SBP (State Bank of Pakistan), SECP
Stablecoin Rules Regulated under MiCA; stablecoin issuers need e-money or credit institution license
Stablecoin Rules No regulation; SBP has not authorized any crypto activities
Key Points
  • 30% flat tax on crypto capital gains (12.8% income tax + 17.2% social charges) for non-professionals
  • PSAN registration required by AMF for all crypto service providers (mandatory since 2023)
  • Transitioning from PSAN regime to MiCA licensing framework in 2024-2025
  • Professional crypto traders may opt for progressive income tax rates
  • France is home to major crypto companies including Ledger and Société Générale's FORGE
Key Points
  • SBP prohibits banks and financial institutions from processing crypto transactions
  • No licensing framework for crypto exchanges; operating informally is risky
  • High P2P crypto adoption despite regulatory hostility
  • Government has considered formal banning legislation multiple times
  • SECP has explored digital asset regulation but no framework enacted
Sources
Sources